PORTLAND, Oregon, Jan. 13, 2022 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, Kidney disease drug market Generated $14.50 billion in 2020, expected to generate $23.40 billion by 2030, experiencing a CAGR of 5.0% from 2021 to 2030. The report provides a detailed analysis of changing market trends, top sectors, key investment pockets, value chain, The regional landscape, and the competitive scenario.
The rising incidence of chronic kidney disease and technological advancement in developing countries is driving the growth of the global kidney disease drug market. However, the high cost of treatment and lack of awareness regarding Chronic Kidney Diseases limits the growth of the market. On the other hand, supportive initiatives by governments for regulatory approvals create new opportunities in the coming years.
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Impact of Covid-19 on the kidney disease drug market-
- The Covid-19 pandemic has delayed clinical trials of kidney disease drugs and led to a decrease in the use of these drugs. Due to the worldwide lockdown, production activities have stopped. Moreover, disruptions to the supply chain have also occurred.
- The epidemic has become a major disincentive for drug trials for kidney disease. It has halted clinical research worldwide and affected the management of ongoing trials and the planning of future trials.
- However, market players and research institutes have started clinical trials related to Covid-19 to understand the effects of chronic kidney disease drugs on patients suffering from Covid-19 infection.
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The report provides detailed segmentation of the global Kidney Disease Drugs market based on drug category, management route, distribution channel, and region.
Based on the drug category, the ACE inhibitor segment contributed the highest share in 2020, accounting for more than two-fifths of the total share, and is expected to continue its leadership position during the forecast period. Furthermore, this segment is expected to show the highest compound annual growth rate of 5.6% from 2021 to 2030. The report also analyzes segments including calcium channel blockers, beta blockers, diuretics, and others.
Based on distribution channel, the retail pharmacy segment captured the largest share in 2020, contributing nearly two-fifths of the total share of the global nephrology drug market, and is expected to maintain its dominant share during the forecast period. However, the online pharmacy segment is estimated to experience the largest compound annual growth rate of 6.9% from 2021 to 2030.
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Based on region, North America contributed the highest share in 2020, accounting for about two-fifths of the total share, and is expected to maintain its leading position in terms of revenue by 2030. However, the Asia Pacific region is estimated to project the fastest compound annual growth rate (CAGR). by 7.7% during the forecast period. Other counties covered by the report include Europe and LAMEA.
The list of companies analyzed in the research on the global nephrology drug market includes AstraZeneca, Akebia Therapeutics, Inc. and AbbVie Inc. and F. Hoffmann-La Roche and Amgen Inc. and GlaxoSmithkline PLC. and FibroGen Inc. and Pfizer Inc. Johnson & Johnson and Teva Pharmaceutical Industries Ltd.
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